Tilly’s Inc. (TLYS) Given New $7.00 Price Target at Mizuho

Tilly’s Inc. (NYSE:TLYS) had its target price dropped by investment analysts at Mizuho from $10.00 to $7.00 in a note issued to investors on Thursday. The brokerage presently has a “neutral” rating on the stock. Mizuho’s target price would suggest a potential downside of 51.39% from the stock’s current price.

Separately, B. Riley upgraded shares of Tilly’s from a “neutral” rating to a “buy” rating in a report on Thursday, August 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $8.00.

Tilly’s (NYSE:TLYS) opened at 14.40 on Thursday. The stock has a market capitalization of $411.13 million, a price-to-earnings ratio of 51.25 and a beta of -0.47. Tilly’s has a 1-year low of $5.49 and a 1-year high of $14.85. The company has a 50-day moving average of $10.05 and a 200-day moving average of $7.84.

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A hedge fund recently raised its stake in Tilly’s stock. Jacobs Levy Equity Management Inc. increased its position in shares of Tilly’s Inc. (NYSE:TLYS) by 127.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,169 shares of the company’s stock after buying an additional 34,308 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.21% of Tilly’s worth $409,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 33.53% of the company’s stock.

About Tilly’s

Tilly’s, Inc is a destination specialty retailer of casual apparel, footwear and accessories for young men, young women, boys and girls. The Company offers an unparalleled selection of relevant brands, styles, colors, sizes and price points. The Company’s apparel merchandise includes branded, fashion and styles for tops, outerwear, bottoms and dresses.